US Stock Market Move | Brazilian digital bank AGI (AGBK.US) enters the US stock market, opening with a drop of over 6%.

On Wednesday, Brazilian digital bank AGI (AGBK.US) debuted on the US stock market, falling more than 6% to $11.25 as of press time. The IPO price was $12. AGI was founded in 1999 and is a technology-driven professional financial services provider in Brazil, with its core business being loans based on social security benefits guarantees. As of September 30, 2025, the bank served 6.4 million active customers through 1,101 paperless, cashless, light-asset smart branches in 723 cities. In addition to personal loans and advances, AGI also offers fixed income securities and interbank loans. It is worth noting that in 2025, Brazil's social security agency suspended AGI's operations twice due to contract violations, non-compliant operations, and specific commercial practices issues. Data shows that the company had revenues of $1 billion in the 12 months ending September 30, 2025.